Marvell and Lumentum to Combine, Creating a Category Leader in AI Connectivity
Marvell and Lumentum announced a definitive agreement under which Marvell will acquire Lumentum in an all-stock deal. Lumentum shareholders will receive 4.500 Marvell shares per share, implying an enterprise value of $115 billion, or about $1,132 per share, a premium of roughly 23.9% over the unaffected closing price on October 28, 2026.
Why it matters: The official announcement gives concrete terms including the exchange ratio, enterprise value and synergy scale, helping readers assess how the deal will shape the AI optical interconnect landscape.